AMP Limited announced the appointment of two independent Non-executive directors to the AMP Limited Board. Effective 1 January 2024, experienced board and senior executive leaders Kathleen Bailey- Lord and Anna Leibel will join the AMP Limited Board and AMP Bank Board. The two appointments bring significant skills and experience in digital transformation, technology and financial services to the board, relevant to building AMP's Banking and Wealth Management businesses in Australia and New Zealand.

AMP also announced Kate McKenzie will step down from her role as a Non-executive director, effective 31 December 2023. Ms McKenzie will conclude her roles on both the AMP Limited and AMP Bank boards after three years of service. Ms McKenzie, who was appointed in November 2020, will step down to focus on her roles as Chair of NBN Co., interim Chair of Healius Ltd. and Non-Executive Director on the Stockland Corporation board.